Leonteq AG is a Swiss company active in the finance and technology sector with a focus on the structured products segment. Based on proprietary, high-powered, modern technology, the company offers products and services related to derivative investment products and predominantly covers the capital protection, yield enhancement and participation product classes. This means Leonteq AG acts as both a direct issuer of its own products and a guarantor for clients, as well as a partner to other financial institutions.
In these partnerships – in those with major banks, for example – Leonteq AG produces structured investment products using its technology platform, which are then issued by the banks and act as guarantees for buyers. Alongside its core business, Leonteq AG also helps life insurance companies to produce capital-efficient, share-linked pension products with guarantees. Leonteq AG’s partner institutions include the banks Aargauische Kantonalbank, Bank of Montreal, Cornèr Bank, Crédit Agricole CIB, Deutsche Bank, EFG International, J.P.Morgan, Raiffeisen Switzerland, Mobiliar and Helvetia Insurances.
Leonteq AG’s proprietary technology platform makes it possible to instantly calculate complex structured financial products, even when tailored to individual customer requirements, and produce all the necessary documentation automatically in four languages. To do this, the Leonteq system accesses over 1,200 share values and other asset classes, as well as around 80 indices as underlying assets. In addition, the Leonteq system suggests optimised, tradeable alternative combinations. In the insurance solutions business segment, the system makes it possible to manage investments 100% online at the individual policy level, complete with visualisations of all business transactions that have taken place during the term of the policy.
Leonteq AG has thus revolutionised the speed and cost structure of the finance industry in the structured products segment. The company is a member of various organisations, including the Swiss Structured Products Association. Leonteq AG is currently focused on a strategy of continued organic, geographical growth. It aims to achieve this through the sale of its own products as an issuer, the full exploitation of its partners’ issuing capacity with products created on the Leonteq platform, and a growing number of partner institutions in the banking and insurance sector. Alongside its domestic market in Switzerland, the company is active in a number of other European countries and has been present in Asia for several years. In the first quarter of 2017, it sold its first products in Japan – the largest market for structured products worldwide. Leonteq AG consists of three business segments: Investment Solutions, Banking Solutions and Insurance & Wealth Planning Solutions.
The company was founded in Switzerland in 2007 and was floated on the market in 2012. After a period of dramatic growth, Leonteq AG consolidated and now employs around 440 people from more than 50 countries. The company has offices and subsidiaries in ten countries, through which it serves over 30 markets. Alongside its headquarters in Zurich, it has offices in Amsterdam, Frankfurt, Geneva, Hong Kong, London, Monaco, Paris, Singapore, the British Channel Islands (Guernsey) and Tokyo. In the 2017 financial year, Leonteq AG generated a turnover of CHF 26.8 billion and total operating income of CHF 215.4 million. The company (LEON/security no.: 19,089,118) is listed on the SIX Swiss Exchange and is subject to the regulatory authority of FINMA for securities dealers.
Leonteq combines a fully automated and integrated proprietary technology platform - designed for flexibility, innovation and transparency - with an international team of specialists.
Leonteq’s service offering is vertically integrated, covering the entire value chain, and can be tailored to specific client needs. The automation of key processes helps to mitigate operational risks and to enhance client service.
Very high levels of automation lead to competitive cost per issued product, as well as allowing for small ticket sizes.
Leonteq is listed on the SIX Swiss Exchange and operates from eleven offices across Europe and Asia. Our independence enables agility, whilst allowing further pursuit of our Platform Partners strategy.
Leonteq combines one of the most experienced teams in the structured investment products industry worldwide with a state-of-the-art technology platform benefiting from unrivalled computing power in the financial services industry. Our dynamic and young workforce unites more than 440 professionals from over 50 countries and all continents. They may differ in their mother tongue, origin, age or character - but as a team, they bring together the right skills and mindset to shape the global fintech market.
Lukas Ruflin - CEO
Lukas Ruflin is a Swiss citizen, born in 1975. Since May 2018 he is CEO. Prior to becoming CEO he was a member of the Board of Directors since 2009. He was Deputy CEO and an executive committee member of EFG International from 2009 to 2012. He was one of EFG Financial Products’ Founding Partners in 2007, and was responsible for setting up and managing the issuing operations in Guernsey as General Manager of EFG Financial Products (Guernsey) Limited, from 2007 to 2009. In addition, he also served as a Director of EFG Investment (Luxembourg) S.A., Luxembourg, from 2007 to 2010 and as CEO of EFG Bank Ltd, Zurich (2010), in parallel to his functions at EFG International. Before joining EFG Financial Products, he held various management positions at EFG Bank and EFG International in Zurich and London, including Deputy CFO of EFG International Group. He started his career at Lehman Brothers, going on to J.P. Morgan and Pricewaterhouse Coopers before joining EFG in 2004. Lukas Ruflin holds a Master’s degree in economics from the University of St. Gallen and a CEMS Master’s degree in international management also from the University of St. Gallen.
Marco Amato - Chief Financial Officer & Deputy CEO
Marco Amato is a Swiss and Italian citizen, born in 1981. He joined Leonteq in September 2016. He was previously a Partner at the Assurance Financial Services Switzerland organisation at Ernst & Young and a member of the Financial Services organisation leadership team. He started his career at Ernst & Young in 2006. As a client service partner, he has vast experience in auditing financial statements in accordance with both national and international accounting standards. Marco Amato has in-depth knowledge of the front-, middle-, and back-office operations of financial institutions, and has acted as an advisor on finance transformation, regulatory, and risk management matters. He holds an Advanced Master of International Business Law (LL.M.) from the University of Zurich and a Master of Business and Econo-mics from the University of Basel, and is a Swiss Certified Public Accountant.
Jochen Kühn - Head of Insurance & Wealth Planning Solutions
Jochen Kühn joined Leonteq in January 2017. He was previously a Partner at McKinsey & Company in Zurich, which he joined in 2006 and where he was responsible for client acquisition and client projects focusing on life insurance and pension fund topics across the value chain. He has vast experience in consulting insurance companies with both national and international footprints and was a leading figure in McKinsey’s European insurance risk practice. He holds a PhD in Finance from the University of Zurich, and an MBA from the University of Tübingen.
Manish Patnaik - Chief Operating Officer
Manish Patnaik began his career at Tata Infotech Ltd., India, and Société Générale, Singapore. Between 2000 and 2011, he worked at Commerzbank, Frankfurt where he led IT focusing on equity derivatives, cash equity and research. He joined Leonteq in 2011 as Head of Front Office IT and became Chief Information Officer in 2012, before his appointment to Chief Operating Officer and member of the Executive Committee in March 2014. Manish Patnaik holds a bachelor’s degree in technology (electronics & communication) from R.E.C. (Regional Engineering College), Kurukshetra, India, and a Master’s degree in business administration (finance) from ICFAI Business School, India.
Reto Quadroni - Chief Risk Officer
Reto Quadroni joined Leonteq in 2009, and was later Head of Risk Control until 2014. After a period of two years, during which he led a team focussing on strategic and regulatory related projects, he assumed responsibility for Risk Control again in 2017. Previously, Reto Quadroni held various positions in Risk Control at UBS and Swiss Re. Reto Quadroni has studied Physics at ETH Zurich and holds a Ph.D in Natural Sciences.
David Schmid - Head of Investment Solutions & Banking Solutions
David Schmid joined Leonteq in 2008 and was appointed Head of Investment Solutions & Banking Solutions in 2017. From 2012 to 2016, he was responsible for Leonteq’s operations in Asia. Between 2008 and 2012 he was part of the Structured Solutions Sales team in Zurich, Switzerland. He started his career with UBS in 2006 where he had been involved in various platform projects for the private banking division. He holds a bachelor degree in Economics with a major in Banking and Finance from the University of Zurich.
Ingrid Silveri - General Counsel
Ingrid Silveri joined Leonteq as Legal Counsel in 2011, with a focus on European regulatory law, securities regulations, corporate law and projects. She became Head of Legal in July 2014. Previously, Ingrid Silveri worked in the debt capital markets groups of two international law firms in Frankfurt am Main. Admitted as a lawyer in Venezuela in 1999, Ingrid Silveri holds postgraduate degrees (Dr. jur. and LL.M) from the Ludwig Maximilian University of Munich, Germany, and a law degree from the Andrés Bello Catholic University in Caracas, Venezuela.
Board Of Directors
Christopher M. Chambers - Chairman
Christopher M. Chambers is a Swiss and British national, born in 1961. He has been a member of the Board of Directors since 2017 and was re-elected on 28 March 2018 for a term of one year. He is currently a Senior Advisor to Lone Star Europe. Previously, he held management functions at Barclays de Zoete Wedd, from 1990 to 1997 and at Credit Suisse First Boston, from 1997 to 2002. From 2002 to 2005, he was CEO of Man Investments Ltd and main board member of Man Group. Christopher M. Chambers is also Chairman of the Board of Directors of Lonrho Ltd and member of the Board of Directors of Oxford Sciences Innovation PLC, Pendragon PLC, Berenberg Bank (Switzerland) AG, and Swiss Prime Sites AG.
Hans Isler - Vice-Chairman
Hans Isler is a Swiss citizen, born in 1953. He has been a member of the Board of Directors since 2012, and was re-elected on 28 March 2018 for a term of one year. Previously, he was a partner at Arthur Andersen from 1994 until 2002, and at Ernst & Young from 2002 until 2011. From 1986 to 2011, he led audits of regulated entities in Switzerland, including banks, funds, fund managers and securities dealers. He is also Chairman of the Board of Directors of Banque Thaler SA, Geneva, and member of the Board of Directors of Banque Pictet & Cie SA, Carouge, Geneva; Banque du Léman SA, Geneva; Valcourt SA, Geneva; MKS (Switzerland) SA, Geneva and PAMP SA, Castel San Pietro. In addition, he is a member of the finance commission of MSF (Médecins Sans Frontières) and a member of the Geneva Court of Audit. Hans Isler holds a Master’s degree in economics from the University of St. Gallen
(lic. oec. HSG).
Jörg Behrens is a German citizen, born in 1964. He has been a member of the Board of Directors since 2012, and was re-elected on 28 March 2018 for a term of one year. He is currently the managing partner and Vice Chairman of the Board of Directors of Fintegral AG, which he founded in 2009. From July 2002 until March 2009, he was a partner at Ernst & Young Ltd, Switzerland, and held various functions, including Head of Financial Risk Management Central Europe and Global Head of Risk Analytics. Since June 2001 he has been Vice Chairman of Stiftung Buechweid, Russikon, and since May 2010 he is a member of the Board of Directors of Mathfinance AG, Germany. Jörg Behrens holds a doctorate in physics from the Swiss Federal Institute of Technology (ETH) Zurich for his research in particle physics at LEP/CERN and a Master’s degree in nuclear physics from ETH.
Paulo Brügger is a Swiss national, born in 1966. He has been a member of the Board of Directors since 2017 and was re-elected on 28 March 2018 for a term of one year. Since 2005 he serves as Head of Central Bank Department and is a member of the Executive Board of Raiffeisen Switzerland. He is also a member of the Board of Directors at responsAbility Participations AG, as well as a member of the Investment Committee of Raiffeisen pensions funds. Paulo Brügger began his career at Swiss Bank Corporation and then moved to Bank Julius Baer. Between 1995 and 2002 he held various senior positions at UBS and was Head of Trading at Raiffeisen from 2003 to 2005. Paulo Brügger holds a degree in Economics and Business Administration from the Kaderschule Zurich.
Vince Chandler is a British citizen, born in 1956. He has been a member of the Board of Directors since 2012, and was re-elected on 28 March 2018 for a term of one year. He was a member of the Board of Directors of Dataquest, London, where he served as non-executive Chairman until November 2016. He was a Managing Director and Group COO of Technology at Credit Suisse from 2006 to 2008. Previously, he worked for eight years at Citigroup’s corporate and investment bank, where he held a number of senior management roles in technology. Vince Chandler joined the Bank of England after his A-level studies, and spent 20 years there between 1974 and 1994.
Patrick de Figueiredo
Patrick de Figueiredo is a Swiss citizen, born in 1950. He has been a member of the Board of Directors since 2010, and was re-elected on 28 March 2018 for a term of one year. He was a member of the Management Committee of EFG Bank European Financial Group SA until December 2014, holding the position of Chief Risk Officer from October 1997. In April 2015 he was elected to the Board of Directors. Before joining EFG Group in 1989 as Head of Credit, he worked at UBS and the BSI Group, mainly in the credit area. Patrick de Figueiredo holds a degree in management studies from the University of Fribourg, Switzerland.
Richard A. Laxer
Richard Laxer is an American and British national, born in 1961. He was elected as a member of the Board of Directors on 28 March 2018 for a term of one year. Richard Laxer was Chairman and CEO of GE Capital from 2016 to March 2018 and a member of General Electric’s Corporate Executive Council from 2006 to 2018. Mr Laxer began his career at General Electric in 1984. He was CEO of GE Capital Solutions from 2006 to 2008 and CEO of GE Capital International from 2013 to 2016. Among other Board memberships, he was on the Boards of Directors of Cembra Money Bank during 2015 and 2016 and of Moneta Money Bank from 2016 to 2017. Richard Laxer holds a BSc (Hons) in business administration from Skidmore College, USA.
Thomas R. Meier
Thomas R. Meier is a Swiss national, born in 1962. He has been a member of the Board of Directors since 2017 and was re-elected on 28 March 2018 for a term of one year. Currently, he serves as Chairman of the Julius Baer Foundation. Prior to that, he was CEO Asia of Bank Julius Baer from 2005 to 2015, Head of Private Wealth Management and member of the Management Board of Deutsche Bank (Luxembourg) from 2004 to 2005, and CEO North Asia at Credit Suisse from 2000 to 2004. After his return to Switzerland, he acted as Head of Corporate Sustainability at Bank Julius Baer from 2015 to 2017. Thomas R. Meier holds a doctorate in Law from the University of Zurich and he completed the Advanced Management Program at the University of Pennsylvania, USA.
Leonteq is an independent technology and service provider for investment solutions. Headquartered in Zurich, Switzerland, we have an international presence via our offices in Geneva, Monaco, Guernsey, Frankfurt, Paris, London, Singapore and Hong Kong. Leonteq, founded as EFG Financial Products in 2007, is listed on the SIX Swiss Exchange (registered shares LEON).
Leonteq Securities AG Guernsey Branch
Block F - Level 1
St Peter Port
Guernsey GY1 2NH
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